Income Tax Assessment Act 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 1 - Preliminary  

SECTION 316   OBJECT OF PART  

316(1)   [ Amounts included in assessable income ]  

The object of this Part is to provide for certain amounts to be included in a taxpayer's assessable income (Division 9 ) in respect of:

(a) the attributable income of a CFC (section 456 ); and

(b) certain changes of residence by a CFC (section 457 ).

(c) (Repealed by No 96 of 2004)

316(2)   [ Rules contained in Part X ]  

To that end (and for other purposes of this Act) this Part contains rules relating to the following:

(a) interpretation (Division 1 );

(b) types of entities (Division 2 );

(c) control interests, attribution interests, attributable taxpayers and attribution percentages (Division 3 );

(d) attribution accounts (Division 4 );

(e) (Repealed by No 143 of 2007 )

(f) (Repealed by No 96 of 2004)

(g) the calculation of attributable income of a CFC (Division 7 );

(h) the active income test (Division 8 );

(j) post-attribution asset disposals (Division 10 );

(k) the keeping of records (Division 11 ).